If cheque issued for 1400/- and recorded as 1900/- how do we rectify this error.

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when a customer buys a good. we have to debit bank and credit inventory equaly. but wouldnt selling a good make a profit?

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Can u please give me a proper example of how genral entries of depreciation are recorded like if depreciation expense is ONE HUNDRED and acc.dep is two hundred how we will record that?

1 Answers  

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Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?

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where will lostv appear in balance sheet?

1 Answers   Alfa Automation, TCS,

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How many types of accounts may be in a company.

1 Answers  

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I have raised a Invoice of Rs. 78964 including service tax rs. 964 in month of April and service tax paid to Govt for April month/ We have voide this invoice in May'12 due to services cancelled by the customer, pls let me know can we adjust this paid service tax amount in our May service tax payable....and how to pass voide bill entry.....

1 Answers  

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pls can any body give me detail journal entries for stock of amanufaturing company?

2 Answers  

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we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?

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If a builders work is incomplete.Then what entry will be passed by him on closing of accounting year i.e 31st march In P&L A/c and Balance sheet

2 Answers  

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Under which head the cleaning expenses will come in accounts

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Explain what does financial statement of the company includes?

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